Free Trade: Fight It, or Embrace It

[dmek25]

and in your comparison, sure country a will have more money in their pockets. but without jobs, they are holding on to it. thus, part of the economic mess we are into right now. people are very wary of losing their jobs. i know a ton of people that are really nervous about their financial future. in theory, more skilled people should make more money, and with better jobs. its that big transition to that period that scares the hell out of me

[Schneed10]

Originally Posted by dmek25

and in your comparison, sure country a will have more money in their pockets. but without jobs, they are holding on to it. thus, part of the economic mess we are into right now. people are very wary of losing their jobs. i know a ton of people that are really nervous about their financial future. in theory, more skilled people should make more money, and with better jobs. its that big transition to that period that scares the hell out of me

Saving money instead of spending it will temporarily hurt the economy, you're right, but the money still stays in our citizens' hands and will eventually be spent when the economy turns back around.

You'll note that even after the worst recession ever, the Great Depression, the economy still turned back around and bounced back. Same thing will happen here. Next year jobs will be back on the rise in the US, they just won't be manufacturing jobs. They'll be healthcare jobs more than anything (Uutrasound techs, MRI techs, radiology techs, nurses, pharmacists, etcetera).

But that's not what put us into a recession in the first place. We got here because too many people borrowed money when they couldn't afford to pay it back.